Gold Analysis: Falling Wedge Breakout and Bullish ForecastOANDA:XAUUSD The market is clearly forming a falling wedge, and recent price action suggests a potential shift is on the horizon. Price has begun breaking through this downward structure, which could be the early signs of a strong bullish move.
I’m waiting for the price to retrace back to the broken trendline. This will act as a confirmation, filtering out any false moves, while a retest of the structure will solidify the validity of the breakout. From here, my target is 3682.
The key now is to watch the pullback. If the market returns to the trendline with rising volume, it will add weight to the bullish case.
This trendline breakout is more than just a signal – it’s a story in the making. It represents a shift, and with the right volume, structure, and timing, this could be the start of a larger bullish phase.
